PNB Housing to scout for new CEO internally and externally as Girish Kousgi steps down
PNB Housing Finance
will consider both internal and external candidates to fill the top position in the company to replace outgoing managing director and chief executive officer
Girish Kousgi
, the company said in an
analysts call
Monday.
In the meantime,
Jatul Anand
, who was promoted as executive director last week, will be in charge, the company said in a hurriedly arranged call on Monday morning.
Productivity Tool
Zero to Hero in Microsoft Excel: Complete Excel guide
By Metla Sudha Sekhar
View Program
Finance
Introduction to Technical Analysis & Candlestick Theory
By Dinesh Nagpal
View Program
Finance
Financial Literacy i e Lets Crack the Billionaire Code
By CA Rahul Gupta
View Program
Digital Marketing
Digital Marketing Masterclass by Neil Patel
By Neil Patel
View Program
Finance
Technical Analysis Demystified- A Complete Guide to Trading
By Kunal Patel
View Program
Productivity Tool
Excel Essentials to Expert: Your Complete Guide
By Study at home
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
The company has also designated
Valli Sekar
, another function head, as chief business officer in charge of affordable business.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
Both the officials took up the new responsibilities from August 2.
The share price of the company fell another 3.64% Monday to Rs 778.65 on BSE after nosediving more than 17% Friday following the resignation of Kousgi.
Live Events
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
41 minutes ago
- Time of India
Govt engages Tata Tech to upgrade state polytechnics
Lucknow: The UP govt in collaboration with Tata Technology Limited (TTL) would set up Tata Technology Excellence Centres in 121 govt polytechnics across the state to help these technical educational institutes meet industry requirements. In a govt order (GO), additional chief secretary, technical education, Narendra Bhooshan said the decision was taken to bridge the industry-academia gap prevalent in the diploma sector of technical education. "In polytechnics, some topics have become irrelevant or are not in accordance with industry requirements. These centres will upgrade them and bridged the industry-academia gap," Bhooshan said. For this, Rs 57.3 crore will be spent on installation of machines and equipment in each of the 121 polytechnics. Of the total Rs 6935.8 crore, 87%, that is, Rs 6034.2 crore, will be borne by TTL, and the remaining 13% (Rs 1063.9 crore) by the govt. Also, the state govt will spend an additional Rs 858 crore – Rs 709.2 lakh per institution – towards civil infrastructure and other basic facilities. In the first phase, 45 polytechnic institutions will be upgraded. The project is aimed at providing quality technical education to students studying in the diploma sector of the state, thereby enhancing employment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Retirees Can Potentially Minimize RMD Taxes SmartAsset Learn More Undo It will also help students acquire essential skills like soft skills and personality development as per industry requirements. As per the GO, TTL will involve global partner companies and institutions in upgrading the polytechnics. TTL will also prepare the project document related to the execution of the upgradation work and determine short, medium, and long-term strategies in it. In addition, they will prepare a baseline study report related to the status of the polytechnic institutions before the implementation of the project. TTL will also make available two trainers for the first two years and one trainer for the third year in each selected institute from its own sources. Besides, it will ensure the availability of training material, an online platform for training, and experts from industries as per demand in all 121 institutes and organise dialogue programmes at regular intervals.
Time of India
41 minutes ago
- Time of India
Nivesh Mitra 3.0 to cut service delivery timelines by up to 50%
Lucknow: Designed to minimise procedural bottlenecks and reduce red tape, the third-generation version of UP's Nivesh Mitra portal is set to cut service delivery timelines by 30% to 50% across various departments. "Nivesh Mitra 3.0 promises to significantly reduce approval timelines, simplify documentation requirements, and ease inter-departmental complexities," an official said on Wednesday. Citing an example, he said, "In the revenue department, approval timelines are expected to drop from 45 days to 21–30 days. In the labour department, a process that earlier took 30 days may now be completed in just five days." Likewise, environmental clearances from the UP pollution control board (UPPCB), which previously required up to 120 days, are now targeted for completion within 21 days. Similarly, approvals from the fire department may be granted in just five days, compared to the earlier 15-day timeframe. In UPPCL, tasks that earlier took 66 days could now be completed within 40 days. Through Nivesh Mitra 3.0, the Yogi govt aims to offer major relief not just in terms of time but also by reducing the number of documents required. In the revenue department, where five documents were previously needed, efforts are underway to bring this down to just two. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Find the Lowest Auto Insurance Rates in Your Area AutoSaveMax Get Quote Undo In the labour department, the requirement is expected to drop from 14 to only four documents. In the environment department, the number of required documents may be reduced from 13 to six. Sharing other features, officials said, "Nivesh Mitra 3.0 is set to be a highly modern and intelligent platform — not just procedurally but also digitally. A key feature will be the Common Application Form, allowing investors to obtain approvals from multiple departments through a single, unified form." They added that time-bound services will be a core feature, with real-time updates provided via SMS, email, and WhatsApp at every stage of the approval process. Integration with DigiLocker will make document uploading quicker and more convenient. A new tool called Know Your Approvals/Incentives (KYA) will offer users access to policies, permissions, and incentive schemes from over 45 departments — all in one place. The platform will also include cutting-edge features like an AI-powered smart chatbot, an improved user interface, real-time tracking, integrated GIS, and a comprehensive IPRA 3.0 dashboard. PAN cards will be used as a unique business identity, ensuring a streamlined and consistent identification process for all investors. The portal will also be available in Hindi and other regional languages.
Time of India
an hour ago
- Time of India
AppLovin stock spikes 4% on explosive Q2 earnings—can 77% revenue growth fuel its AI ad-tech dominance?
AppLovin posts blockbuster Q2 2025 results with massive 77% revenue spike- AppLovin is making serious waves in the tech and advertising space once again, delivering an eye-popping 77% year-over-year revenue jump in Q2 2025. The ad-tech powerhouse reported $1.259 billion in quarterly revenue—crushing Wall Street's expectations of around $1.22 billion. This strong performance not only shows the company's sharp pivot toward AI-powered advertising is paying off but also reinforces investor confidence, even as it sheds its gaming app division. AI ad-tech leads profitability surge with 99% YoY jump in EBITDA Adjusted EBITDA for Q2 came in at a staggering $1.018 billion, marking a 99% increase from the same period last year and surpassing analyst forecasts. This translates into a margin close to 81%, underscoring AppLovin's ability to scale profits through automation and AI optimization across its ad network. The company's strategic shift to focus purely on ad-tech seems to be fueling hyper-efficiency and robust margins. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Stock Movement : Intraday Surge : Up around 3–4% After-Hours Dip : Down ~2.2% Due to concerns post-apps division divestiture Current Price : ~$390.80 52-Week Range : ~$66 to ~$525 Technical Buy Point : Near $429 Identified as : Breakout stock by IBD Technical Rating : 'Strong Buy' across platforms Net income skyrockets 164% as AppLovin beats Wall Street expectations The bottom line was just as impressive: AppLovin reported net income of $820 million—up 164% year-over-year—with $772 million attributed to continuing operations. Earnings per share (EPS) hit $2.39, blowing past the $1.95 consensus by a wide margin of nearly $0.44. These results clearly reflect the company's sharp execution in monetizing its platform at scale, without the overhead of its former gaming business. Q3 2025 guidance signals more growth ahead for AppLovin Looking forward, AppLovin projects Q3 2025 revenue between $1.32 billion and $1.34 billion, coupled with adjusted EBITDA guidance of $1.07 billion to $1.09 billion. That means margins are expected to remain around 81%, a strong indicator that its high-growth ad-tech model remains on a firm upward trajectory. This guidance continues to paint a promising picture for sustained growth as demand for programmatic advertising and AI ad solutions accelerates. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Fastest Way to Overcome Knee Pain and Swelling Wellnee Undo Despite stellar earnings, stock dips slightly in after-hours trading Interestingly, even after the beat across all major metrics and bullish forward guidance, AppLovin's stock dipped roughly 2.2% in after-hours trading. Analysts suggest this may reflect cautious sentiment about the company's recent divestiture from its gaming app division, as some investors assess the long-term impact of the pivot to an ad-tech-only model. However, the pullback appears to be more a short-term reaction than a reflection of fundamentals. Wall Street analysts remain bullish with up to 40% upside forecast Despite the minor after-hours dip, analysts remain strongly bullish. The median 12-month price target sits at $485, while Wedbush and Jefferies have issued even more optimistic projections at $620 and $530, respectively. Based on AppLovin's current trading price of approximately $390.80, this implies an upside potential of 20% to 40%. The stock also continues to attract institutional backing, reinforcing confidence in its long-term potential. AppLovin ranks among top mutual fund holdings alongside Nvidia and Meta Institutional investors are clearly impressed. AppLovin has become one of the top mutual fund picks in 2025, pulling in around $1.44 billion in inflows. That places it just behind giants like Nvidia and Meta. As funds continue to chase AI-driven growth stories, AppLovin's transformation into a focused ad-tech leader is cementing its place as a serious player in the AI economy. Key Financial Results : Revenue : $1.259 billion (Up 77% YoY) Beat consensus estimate of ~$1.22 billion Adjusted EBITDA : $1.018 billion (Up 99% YoY) Surpassed analyst expectations Margin ~81% Net Income : $820 million total $772 million from continuing operations (Up 164% YoY) Earnings Per Share (EPS) : $2.39 Beat by ~$0.44 (vs. $1.95 expected) Strong technical indicators show bullish momentum for AppLovin stock From a technical perspective, AppLovin has been flagged as a breakout stock by Investor's Business Daily, with a potential buy point near $429. The current price of around $390.80 puts it in a favorable consolidation pattern, suggesting more room for gains. Moving averages and technical charts also indicate a 'Strong Buy' rating across multiple trading platforms. Live Events AppLovin's strategic pivot to AI ad-tech continues to deliver results In summary, AppLovin's Q2 2025 performance reflects the strength of its AI-powered ad-tech engine. The decision to move away from its gaming apps and double down on AI advertising seems to be paying off big. With stellar revenue growth, soaring profits, high institutional interest, and upbeat guidance, the company is clearly positioning itself as a top-tier AI ad-tech player. While some investors may remain cautious in the short term, the long-term fundamentals appear strong. AppLovin's strategic clarity, strong cash flows, and market-leading margins make it a stock to watch as the AI advertising revolution continues to reshape the digital economy. FAQs: Q1: What drove AppLovin's 77% revenue growth in Q2 2025? AppLovin's AI-powered ad-tech engine fueled massive growth and strong platform demand. Q2: Why is AppLovin stock seen as a breakout investment in 2025? Analysts cite strong earnings, high margins, and bullish AI ad-tech strategy.
